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He's a middle aged grey haired -n- bearded gentleman who puts out a letter each morning called the Gartley Letter - - sometimes he makes appearances on CNBC. :D

Heading up to test the gap as resistance (on lower volume) - a good place to enter a short - IMO.

hmmmmmmmmmm is right. To me, we are at a confluence of resistances which makes me want to favor a top for now or perhaps a topping area. Of course I could be 100% wrong and will happily wait for confirmation prior to changing my bias. Here's a blowup of the daily SPY:

You're right in that there is no other gap to fill. As far as heading lower for good, that could be, and I tend to agree, but we've not closed below 107.33 yet and possible bearish wedge is not confirmed yet either. Here's a chart:

Look, there are bushwhackers out there whacking price all the time. When the bid gets whacked by the bushwhackers, the ask usually reacts accordingly which in turn drives the price in the other direction - but only for a very short moment and sometimes in favor of bushwhackers. Hope that...

Must be time to short the market :eek:

http://www.marketwatch.com/search/?doctype=90 For free, it's the closest to real time that I know of. Steve

Don't know what you are trading (stocks, options, fx, etc) or what your time frame is, but overall, there is a beauty that goes along with this sideways action and that, for the most part, is that it has established it's own S/R's - use 'em. Steve

File this under "anything". http://www.infinityfutures.com/videos/2009305Hoffman.wmv Nothing works 100% of the time so just FWIW.......and enjoy. Steve

http://thechartpatterntrader.com/ This guy is pretty cool imo........great technical analysis + he adds potential market moving news type stuff sometimes. I've only watched his stuff for the last few weeks - worth the watch imo. Steve

IMO, Susannah is right on the money - and bighog said it all too! If the noise helps, then by all means try it - then learn to capitalize from it - - - - or get rid of it.......no room for middle ground. I tried it many moons ago and found it to be only noise. These days, I am most...

JMHO of course, but DOM works best for very short term only. At these levels, expect bull / bear battles to heat up more than usual. Keep in mind where we are on a bit longer time frame - top of range. Extremes (top and bottoms) seem to attract more interest.......nature of the biz as well as...

Waxie -LMAO, now there's a blast from the past! Can't truthfully say anything about these days - but I can absolutely say that he helped me go bankrupt about 10 years ago - - what a guy lmao. You want a tutor? powercharting.com 'nuff said! Steve

I've been trading pre / after hours for about 9 months on and off, there are definite differences from RTH but not much difference as far as difficulty level - jmho. As for "who" is trading then, I never gave it much thought but I suspect it's mostly retail and non-USA traders, somehow when...

http://www.infinityfutures.com/ Awesome customer service with low account requirements and fees. Somehow, they are also teamed up with the CME and offer tons of excellent and free educational webinars. Well worth looking into just for the webinars even if you don't trade thru them...

How about getting stopped out at 830.50 on the ES hod just before end of day today!! Yep, that's me lmao. I shorted at 829.00 and I had my platform defaulted to a 6 tick stop when I entered. I was stopped out a total of 3 times today at the exact reversal prices - - had I placed my stop...

Why not check with your local certified public accountant? If you've not done that yet - do it! You should find that there are no tax advantages for the typical trader. FWIW, once you are incorporated via S, LLC or whatever, the primary function is to put an impervious wall between your...

I've known Rob for over a year - - -but could not make it to the expo this trip tho. He is absolutely the Real deal. For those looking for a guru to tell them when to buy or sell - look elsewhere. For those looking to learn when to buy or sell - you've found what you have been...

Possible falling wedge. Personally, as a trader, I could care less which way the market moves - and a wedge is a wedge. (S&P E Mini Futures chart) Steve

Ok, I see what you're saying now. I'm pretty sure the spread is not that big of an issue when it comes to options because I assume that MMs usually get a better price than you or I would, and/or it may take a day or more before they loose less (not actually make money) on their overall stock and...